Latest News | HDFC Life Q3 Profit Rises by 15 Pc to Rs 315 Crore

New Delhi, Jan 20 (PTI) HDFC Life on Friday reported a 15 per cent increase in net profit to Rs 315 crore for the third quarter ended December.

The private sector insurer's profit stood at Rs 274 crore in the year-ago period, it said in a regulatory filing.

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Total income increased to Rs 19,693 crore in the latest December quarter from Rs 14,222 crore in October-December 2021.

The company's solvency ratio too improved to 209 per cent from 190 per cent as on December 31, 2021. The regulatory requirement is 150 per cent.

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For the nine months period ended December, the life insurer posted a profit Rs 1,001 crore as against Rs 850 crore in the corresponding period a year ago.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)